Royal Bank Of Canada Has Lowered Expectations for Equity Residential (NYSE:EQR) Stock Price

Equity Residential (NYSE:EQR) had its price objective cut by equities research analysts at Royal Bank Of Canada from $70.00 to $68.00 in a research note issued on Thursday,MarketScreener reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 11.22% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Wall Street Zen upgraded Equity Residential from a “sell” rating to a “hold” rating in a research note on Monday, November 3rd. JPMorgan Chase & Co. cut their price target on Equity Residential from $75.00 to $71.00 and set a “neutral” rating on the stock in a research note on Thursday, December 4th. Scotiabank reduced their price target on Equity Residential from $73.00 to $66.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 4th. Cantor Fitzgerald assumed coverage on shares of Equity Residential in a report on Wednesday, October 1st. They issued an “overweight” rating and a $70.00 price objective for the company. Finally, BMO Capital Markets downgraded shares of Equity Residential from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $70.00 to $68.00 in a research report on Friday, January 9th. Seven equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $70.02.

Equity Residential Price Performance

Shares of EQR stock traded down $0.06 on Thursday, reaching $61.14. The company had a trading volume of 1,738,952 shares, compared to its average volume of 2,479,313. The business’s 50-day moving average is $61.13 and its 200 day moving average is $63.29. Equity Residential has a one year low of $58.38 and a one year high of $75.86. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $23.26 billion, a PE ratio of 20.18, a price-to-earnings-growth ratio of 3.05 and a beta of 0.75.

Equity Residential (NYSE:EQR) last released its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.02. Equity Residential had a net margin of 37.58% and a return on equity of 10.30%. The business had revenue of $782.41 million during the quarter, compared to analysts’ expectations of $779.68 million. During the same period in the prior year, the company earned $0.98 EPS. Equity Residential has set its Q4 2025 guidance at 1.020-1.060 EPS and its FY 2025 guidance at 3.980-4.020 EPS. Equities research analysts forecast that Equity Residential will post 3.98 EPS for the current fiscal year.

Institutional Trading of Equity Residential

Large investors have recently bought and sold shares of the business. Collier Financial acquired a new position in shares of Equity Residential in the 3rd quarter valued at about $26,000. Fulcrum Asset Management LLP acquired a new stake in Equity Residential during the third quarter worth approximately $27,000. CVA Family Office LLC increased its holdings in Equity Residential by 425.3% in the second quarter. CVA Family Office LLC now owns 415 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 336 shares in the last quarter. Rosenberg Matthew Hamilton lifted its stake in Equity Residential by 69.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 440 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 180 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Equity Residential during the 3rd quarter worth approximately $31,000. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Equity Residential Company Profile

Equity Residential (NYSE: EQR) is a publicly traded real estate investment trust that acquires, develops, owns and operates rental apartment properties. Headquartered in Chicago, the company focuses on delivering professionally managed, market-rate apartment homes and related services to renters. Its operations cover a range of property types, including high-rise and mid-rise assets, with amenities and on-site management designed to support resident retention and occupancy.

The company’s core activities include property acquisitions, development and redevelopment, leasing, and day-to-day property management.